Two sides of the same coin or two different coins? Exploring the duality of corruption in Latin America

The ambiguous phenomenon of corruption has long been the cause of great theoretical debate in economics. By using Structural Equation Modelling, with the two types of corruption as a latent variable, this paper employs causal and indicative variables specific to the Latin American region to test for rent seeking and systemic corruption in the period between 1980-2018. The findings provide evidence for two types of corruption, one generated by greed, and the other a solution to market failures. Such results support the view that corruption encompasses a complex set of social behaviours.

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Year of publication:	2021
Authors:	Hugo, Ella ; Savage, David ; Schneider, Friedrich ; Torgler, Benno
Publisher:	Zürich : Center for Research in Economics, Management and the Arts (CREMA)
Subject:	Rent Seeking Corruption \| Systemic Corruption \| Shadow Economy \| Latin America

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Series:	CREMA Working Paper ; 2021-26
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1767906757 [GVK] hdl:10419/246009 [Handle] RePEc:cra:wpaper:2021-26 [RePEc]
Classification:	D73 - Bureaucracy; Administrative Processes in Public Organizations; Corruption ; H3 - Fiscal Policies and Behavior of Economic Agents ; K42 - Illegal Behavior and the Enforcement of Law ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements ; O5 - Economywide Country Studies
Source:	EconStor

Persistent link: https://www.econbiz.de/10012660590